By Perry Lefko
Collector Car Productions present two annual auctions at the International Centre in Mississauga, and the price is usually right for buyers.
The Blenheim-based company has been staging auctions of cars, motorcycles and memorabilia from different eras and makes for 28 years. It concluded its 2017 season with the Toronto Fall Classic Car Auction, the biggest one in Canada, Oct. 13-15. The next CCP auction will take place June 1-3 at the International Centre.
The sales-topper for this year’s fall auction was a yellow 1970 Plymouth Road Runner Hemi Superbird Hardtop, which fetched a Canadian record price of $423,000 for the company, which had sold similar models in its 28-year history. Neither the buyer nor the seller was revealed. It was one of the highest-priced cars sold in the company’s history.
“That’s pretty big for Toronto,” CCP spokesperson Terry Lobzun said. “When you get a car like this, you know somebody is going to know about it and has been waiting for it to come up. Muscle cars are always a good seller. Muscle cars tend to hold their values.”
Six cars from the allotment of more than 200 sold for $100,000 or more.
“Overall, this was a good sale,” Lobzun said.
He added that buying these types of cars is not like buying a commodity.
“It depends which way the wind is blowing,” Lobzun said. “Everyone (car) is an individual. It’s really hard to categorize and say what they are going for.”
The allotment of cars ranged from a 1928 Plymouth Q Sedan – one of the oldest Plymouths in existence – that sold for $10,175, all the way to a 2013 Chevrolet Camaro ZL1 that sold for $38,000.
The highest-selling vintage car from the era between 1920-45 was a 1936 Cadillac Fleetwood Series 80 Convertible, one of only 13 produced, that sold for $130,000.
A rare 1954 Buick Skylark 100 Convertible sold for $200,000, one of the highest-selling items in the allotment.
The Plymouth Superbird was expected to be the top-selling item because it was featured on the catalogue cover. This particular make and model was one of only 77 with an automatic transmission and 135 overall.
Those types of cars are selling for $400,000-$500,000 in the United States. Two similar cars were sold this year in the U.S., one for $230,000, the other for $415,000.
Lobzun said the car would have sold for about $5,500 brand new.
Lobzun said Toronto is a “mainstream” auction for early 1900 cars to modern sports and luxury cars, with prices ranging from about $10,000 to more than $100,000.
“When people come to a Canadian auction, there’s a lot of great value,” Lobzun said. “It’s like an everyman’s auction. There’s affordable cars. You can get a nice classic car for $25,000. You can get your money back. It’s a good investment.”
Barrett-Jackson Auction Company, which is billed as the world’s greatest classic car auction, offers two times the volume of cars compared to a Canadian auction, and the volume of buyers is also significantly larger, including those in attendance and bidding on-line, with cars selling for $1 million or more. The sales are popular TV viewing, too.